Res19 15814 - Laserfiche WebLink

Browse Search

in such other estate; and no merger shall occur unless and until Landlord, Tenant and any Lender shall join in a written instrument effecting such merger and shall duly record the same. (b) No termination of this Lease shall cause a merger of the estates of Landlord and Tenant, unless Landlord so elects and any such termination shall, at the option of Landlord, either work a termination of any sublease in effect or act as an assignment to Landlord of Tenant's interest in any such sublease. Notwithstanding the foregoing, in the event of the termination of this Lease and the execution of a new lease with Lender or its nominee pursuant to Section 18(i) (Protection of Lender) above, the termination of this Lease shall neither work a merger of estates nor a termination of any subleases in effect unless Lender so elects. 28. No Partnership. It is expressly understood and agreed that Landlord does not, in any way or for any purpose by executing this Lease, become a partner of Tenant in the conduct of Tenant's business, or otherwise, or a joint venturer or a member of a joint enterprise with Tenant. 29. Covenants Run with Land. (a) The agreements, covenants and conditions in this Lease contained are and shall be deemed to be covenants running with the Property and the reversion and shall be binding upon and shall inure to the benefit of Landlord and Tenant and their respective successors and assigns and all subsequent Landlords and Tenants respectively hereunder. (b) All references in this Lease to "Tenant" or "Landlord" shall be deemed to refer to and include successors and assigns of Tenant or Landlord, respectively, without specific mention of such successors or assigns. 30. Notices. Except as otherwise provided hereunder; any notice or communication to Landlord, Tenant or Lender shall be in writing and be mailed by certified mail, postage prepaid. Notices or communications shall be addressed to Landlord at: City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attn: Chris Beth, Parks, Recreation & Community Services Director Tel: (650) 780-7253 E-mail: cbeth@redwoodcity.org or such other address or addresses as Landlord shall from time to time designate, or to such agent of Landlord as it may from time to time designate, by notice in writing to Tenant. Notices or communications shall be addressed to Tenant at: Sandra Berlin Walker, President and CEO YMCA Ground Lease -20- 82483.00016\32493585.6